All Forum Posts by: Junior Francica

Hey Sean, I live in Chatt and yes the market here is growing year after year. Do you mind sharing the location that the house you found is in? Depending on the location a 300k home I assume is a 4/3 or a 4/2 and should bring in the 2k a month you're looking at as an "exit" strategy. I am not sure what the STR regulations are in Chatt currently but if your getting comparable rates in the area it may be a good buy.

I see your from CA so if your strictly looking into STR and in the TN area, you should also looking into Gatlinburg or pigeon forge area cabins. They have a high nightly rate as far as STR in that area.

Hey John, I currently live in Chatt and have been an agent in the past here. Feel free to private message me with any questions. As far as the locations you mentioned redbank may be your most inexpensive options out of the ones you mentioned (truthfully don't know much about that area), East Brainerd is a decent area and it is close to the mall and shopping areas. There are some nicer areas of east brainered but overall a good place to invest. Hixson is another good area that's still growing area with lots of good neighborhoods. Ooltewah would be your more "expensive" area compared to the rest (of course you can find expensive or higher-priced homes in any of these areas). Depending on what kind of investing (single family, multi...) you're looking to do, you can target either area. One thing I personally like about the Ooltewah area is that there are a lot of companies with a lot of jobs such as an Amazon warehouse, Mckee Foods, and a Volkswagen plant. 

@Kelly Claiborne I guess for me the answer would be money. I believe I have a hood knowledge base but missing the money part.

Thanks Wayne and Steve, I will be reaching out to the city zoning department and see what they say. 

Hello everyone. This is my first post on here so thank you for helping me out. 

There is a piece of land for sale that I am interested in to possibly purchase and a build a single family or duplex on. I called and spoke with the Realtor and he said the current owners had the property zoned (not sure thats the correct lingo) and it came back saying that it could only have 1 bedroom and about 900 sqft on the lot. 

The lot size is .23 of an acre. My question is, can it be rezoned somehow or make it to where I can have more rooms built on the lot? 

Across the street from it, there is a duplex and tri plex and single family homes around it so not sure why it was zoned with only 1 bedroom. 

The realtor said the seller might be willing to do a seller financing and since I don't have the capital to purchase something right now I am trying to figure out if I can at least get the lot and re-zone it. 

Thanks for the help.

I have been an agent for about 3 months now and will be closing on my first deal in a about two weeks. I have had 1 couple ride with me and they were friends of mine so it really wouldn’t have mattered anyway what car I drove. Clients always either follow me or meet me at homes. It is a hard industry to break into so keeping your expenses really low is the way to go. If I were in your shoes I would keep the van or sell the van and buy another car like a civic or camery or accord that you can pay for in full with the money you made from your van if you don’t want to drive a van.